ALX Resources (TSXV: AL) has entered into an option agreement with Rio Tinto (NYSE: RIO; LSE: RIO) on its Falcon nickel project in northern Saskatchewan.Under the deal, Rio Tinto may acquire up to an 80% interest in the project by spending $12 million on exploration over six years and by making cash payments to ALX totalling $125,000.Due to a naming conflict with another Rio Tinto mineral explorat...Read More
CEO Mark Norwell said on a financial results conference call the company was likely to post similar numbers in FY21 as the $2.Read More
Fawaz joins Ambler Metals from Newmont where he was SVP projects from February 2011 to October 2019, with responsibility for the development and execution of Newmont's major gold and copper projects globally."With decades of experience in the development of major resources projects, his leadership will be integral to the next phase of Arctic studies and unlocking the value of the Ambler District's...Read More
BME said it had initiated 3,780 detonators in a single blast at a manganese mine near Hotazel in the Northern Cape.Area manager Kobus Boonzaaier said the latest record was once again achieved using the company's AXXIS GII electronic detonation system.The company said it had earlier achieved a world record blast of 7,401 electronic detonators in the main pit of the Kansanshi copper mine in Africa."...Read More
The association developed the accolade in 2017 in pursuit of responsible sourcing strategy options for copper, modelling it on the United Nations Sustainable Development Goals.After extensive stakeholder consultation, pilot assessment with 25 member companies, and standards refinement, the Copper Mark was launched in March. The Copper Mark is now an independent entity with a multi-stakeholder coun...Read More
While the stock market is at all-time highs, gold is right up there near them as well.This may seem counter-intuitive with both rising at the same time. In some ways it is, but it isn't.It isn't just a doom-and-gloom counter-narrative, though plenty of gold haters always see any rise in gold prices that way.Instead, what we're seeing is the formation of a long-term trend both in underlying causes...Read More
A short video of the development of Alphamin's Bisie tin mine. From 2013 through to production.Read More
Hedge funds continued to switch their focus from crude oil to refined fuels last week - betting refinery margins are too low and will have to rise even as signals about the benchmark oil prices remain conflicting.Read full newsRead More
Brixton Metals Corporation is pleased to announce that it has entRead full newsRead More
Bold Ventures Inc. is pleased to announce that it has received alRead full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Vancouver, BC - LEAF Mobile Inc. (TSX.V : LEAF), a leading creator and publisher of counter culture mobile games, today announced that it will report its financial results for the second quarter ended June 30, 2020 after the Canadian market close on Monday, August 31, 2020. Following this announcement, LEAF management will host a conference call on Tuesday September 1, 2020 at 6AM PT/9AM ET to dis...Read More
Arena Energy has filed for bankruptcy with a plan to sell virtually all of its assets to private-equity firm Lime Rock Partners and a management group in a deal that includes $64.2 million in cash.Read full newsRead More
Are Gold ETFs A Better Bet Than Gold Stocks? Aug 21, 2020 (GoldStocks.com via COMTEX) --This has been a tough week for gold stocks and the price of gold in...Read full newsRead More
For Game of Thrones enthusiasts, the phrase “Winter is coming” holds special meaning. As winters were severe in the fantasy land of Winterfell and extended several years, it was understandably a dreaded time for people and can be likened to the current global economic situation.The ongoing COVID-19 pandemic (aka, the White Walker) has decimated several sectors spanning retail, airline,...Read More
Warren Buffett is making up for missed gains in the 2020 market crash. The GOAT (greatest of all time) of investing is fortifying his stock portfolio with three significant buys. Berkshire Hathaway has been piling shares of Bank of America recently. Based on the latest quarterly filings with the SEC, his conglomerate is also buying back its shares.The third move is taking a position in a gold mini...Read More
It seems like a while since the February-March coronavirus market crash sparked fear into the hearts of investors. High-growth tech stocks have pulled the stock market higher over the past several months. However, there are still many affected areas of the economy that remain under pressure — pressure which may not be relieved until the advent of an effective coronavirus vaccine.While it may...Read More
The A3.5c per share dividend (unfranked), will consume about US$30 million of Base's $87.6 million net cash position - as at June 30.Read More
The $149 million raising sees new shares issued at a price of 85c each, with the funds going towards reducing Emeco's secured notes from $442 million to $250 million.That will save $19 million per annum in interest and reduce Emeco's gross debt and net leverage ratio to 0.9-times (compared with 1.46-times at June 30), with the $250 million in notes to mature in 2024 - versus the previous note...Read More
An article published by The Associated Press over the weekend claims there is good evidence that businesses influenced state reopening plans. It reads:Thousands of pages of emails provided to The Associated Press under open-records laws show that governors across the U.S. were inundated with reopening advice from a wide range of industries - from campgrounds in New Hampshire to car washes in Washi...Read More